Rising anticipation of a “red wave” sweeping Donald Trump and his Republicans to electoral victory on November 5 suddenly has Asia contemplating a plethora of “what-if?” scenarios.
Though the US election has been extremely tight, Kamala Harris’ Democrats consistently had a statistical edge. Now, betting markets are leaning toward a Republican sweep of the White House, Senate and House of Representatives that’s forcing Asia to confront a “Trump trade” scenario for 2025.
Most Asian leaders prefer Harris, as she would represent continuity from Joe Biden’s presidency. Trump’s trade policies alone would upend the global financial system as rarely before.
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